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Mar 16, 2013
03/13
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the premium tax was in exchange for the business supposedly they would get. the device tax, people buy more devices, but dig into that, you find out that many of the small device manufacturers are not going to see the business change at all because of the affordable care act. same true for insurers, and, in this case, it is very unlikely that you will find the high cost patients who were excluded from the insurance pool in an employerponsored product, and the fee's not going to match that at all. >> all right. i have to get you to an economic question. among your many talents, you're an economist. today, we got a big disappointment witthe cnsumer confidence number that surprised people, not expecting it. we expected a better result. it drove the stock market down. what's going on here? >> i'm concerned about that. if you remember back in the fourth quarter of 2012, consumer confidence was high, business confidce low. that diversion can't persist, and the hope was it would come up, match, and have a sustained rally. it is troubling. consumer confidence ell wit
the premium tax was in exchange for the business supposedly they would get. the device tax, people buy more devices, but dig into that, you find out that many of the small device manufacturers are not going to see the business change at all because of the affordable care act. same true for insurers, and, in this case, it is very unlikely that you will find the high cost patients who were excluded from the insurance pool in an employerponsored product, and the fee's not going to match that at...
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Mar 17, 2013
03/13
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tax. >> exactly. the reason that that deal was amenable was because it is deeply regressive tax on working people. a way they solve the problem. i just -- i worry when -- if we are talking about a grand bargain it is like -- well, who is -- who going to end up paying for the grand bargain and that, to me, i'm not sure that's a model, frankly. everyone talks about it as a model. look at the distribution there. >> remember also -- remember the circumstances. everybody forgets. 1983, they were projecting social security was going to go broke in two years. two years. now -- the trustees of the majority of the report, intermediate report projects having a problem of paying 57% of benefits in 20 years and the more optimistic report which has been right of that 09% of the time over the last 30 years says social security is plush with 57 years into the future. the fookt is no one says social security is a problem in two years. they were in desperate times. >> they really felt like they were on the precipice.
tax. >> exactly. the reason that that deal was amenable was because it is deeply regressive tax on working people. a way they solve the problem. i just -- i worry when -- if we are talking about a grand bargain it is like -- well, who is -- who going to end up paying for the grand bargain and that, to me, i'm not sure that's a model, frankly. everyone talks about it as a model. look at the distribution there. >> remember also -- remember the circumstances. everybody forgets. 1983,...
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Mar 14, 2013
03/13
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maybe we get tax revenue? maybe it ain't so bad? >> well, natural gas is cheaper and much less pollutive than our coal-based. david: you don't have to sell me but could you sell the president on that? >> i think his people around him should know it and probably do because it's wonderful to promote electric cars but somebody has to make the electricity. it doesn't just live in the wall of your garage and need to be liberated with a plug. so you have to get it out. and right now about a third of all electricity comes from gas but another third or so comes from coal. i believe gas will largely displace coal and that will bring down carbon emission as lot. david: you're not a stock-picker. we go to other people for that. you brought into exco resources which was up about 10%. i think you probably exceeded your buy point which i believe was, i looked it up, it was $6.78 you bought it for. it is 7.80 a share. you're a winner. took you a while. >> we didn't buy it for a few pennies. exco is one. larger exploration and production companies.
maybe we get tax revenue? maybe it ain't so bad? >> well, natural gas is cheaper and much less pollutive than our coal-based. david: you don't have to sell me but could you sell the president on that? >> i think his people around him should know it and probably do because it's wonderful to promote electric cars but somebody has to make the electricity. it doesn't just live in the wall of your garage and need to be liberated with a plug. so you have to get it out. and right now about...
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Mar 18, 2013
03/13
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comes as both the senate and house unveil two budget proposals, both very different on things like tax hikes and entitlement spending and neither likely to get enough support to make it to the president's desk in its current form. house speaker john boehner says he's at work toward balancing the budget going forward, but that's that washington's spending problems have to be addressed. >> when you get down to the bottom line, the president believes that we have to have more taxes from the american people and we're not going to get very far. if the president doesn't believe that the goal ought to be the balance of the budget over the next ten years, i'm not sure we'll get very far. >> peter doocy with the news in washington for us tonight. do lawmakers sound hopeful that the government shoulddown can be avoided? >> harris, none of the lawmakers we heard from today actually threatened to shut down the government at the end of the march and the focus seems to have shifted past the upcoming deadline to extend that short-term budget resolution and on to a more grand bargain, but speaker boeh
comes as both the senate and house unveil two budget proposals, both very different on things like tax hikes and entitlement spending and neither likely to get enough support to make it to the president's desk in its current form. house speaker john boehner says he's at work toward balancing the budget going forward, but that's that washington's spending problems have to be addressed. >> when you get down to the bottom line, the president believes that we have to have more taxes from the...
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Mar 17, 2013
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it was $73 billion of increased taxes. so i voted no for it. i'm really asking me democratic colleagues to help us address spending, our budget goes up by about 3.45%. both of them go up, it's just that the democrats are going up really far higher. >> but representative ridgeal, are there others who are like minded like you in the party? how many? >> but there are some, but i do want to make the point who are that it truly is spending that's driving this train and i was very disappointed in our president when after the election, he put it this way, he said we need to begin to take a look at how we reform titlements. this was after he had been in the office for four years and i had an opportunity to speak with the president for 10, 12, 15 minutes or so privately one day and i shared that with him. i think he's sincere in his desire to get our fiscal situation in order. i don't questiona at all. i do have a greater sense of urgency, i think, than the president does zplochlt we do have the budget comparisons do you find any ground for compromise b
it was $73 billion of increased taxes. so i voted no for it. i'm really asking me democratic colleagues to help us address spending, our budget goes up by about 3.45%. both of them go up, it's just that the democrats are going up really far higher. >> but representative ridgeal, are there others who are like minded like you in the party? how many? >> but there are some, but i do want to make the point who are that it truly is spending that's driving this train and i was very...
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Mar 15, 2013
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the deadline to also file your 2012 income tax form. that's latest from the fox business network, giving you the power to prosper. melissa: we have some breaking news right now. the securities & exchange commission announcing that stamford based hedge fund advisory firm, intrinsic investors agreed to pay more than $600 million to settle charges it participated in an insider-trading scheme involving a clinical trial for an alzheimer's drug jointly developed by elon corporation and wyeth. that $600 million is the largest ever settlement for an insider trading case. lori: jackpot. online gambling raking in $30 billion in revenue each year worldwide but only three states here in the u.s. allow it. dennis kneale here with the big push to legalize online poker in america. >> how are you doing. 10 million americans play poker on line? lori: really. >> federal government thinks this is forbidden activity. only three states legalized. senator alphonse today maut -- d'amato, senator pothole. he is for the alliance, with a nationwide federal push
the deadline to also file your 2012 income tax form. that's latest from the fox business network, giving you the power to prosper. melissa: we have some breaking news right now. the securities & exchange commission announcing that stamford based hedge fund advisory firm, intrinsic investors agreed to pay more than $600 million to settle charges it participated in an insider-trading scheme involving a clinical trial for an alzheimer's drug jointly developed by elon corporation and wyeth....
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Mar 17, 2013
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we are talking about tax cuts and tax policy and debt. that's where they want to be. >> i don't know if i would give them that much credit for the change in the debate. i would date that back to 1980 when ronald reagan came to the floor. the money is like jet fuel. on the other hand, they are having fist fights outside the cockpit over who should be flying the plane and they don't know where they want to go necessarily. i don't know if we should be prepared to acknowledge that there will be a total takeover. you worked at newspapers and i worked at newspapers. you can work at a newspaper and change the editorial page. it is hard to herd the rest of the cats. the reporters out to serve an audience expecting traffic and weather and news and really what happened at city hall. i would say it is probably too early to panic. rupert murdoch once owned "the village voice." >> right. a lot of people are giving a sideout to "the wall street journal." >> the guy's a wealthy developer in san diego and bought "the tribune." he took the editorials that
we are talking about tax cuts and tax policy and debt. that's where they want to be. >> i don't know if i would give them that much credit for the change in the debate. i would date that back to 1980 when ronald reagan came to the floor. the money is like jet fuel. on the other hand, they are having fist fights outside the cockpit over who should be flying the plane and they don't know where they want to go necessarily. i don't know if we should be prepared to acknowledge that there will...
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Mar 16, 2013
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in theory, lowering taxes and repealing the affordable health care act. it's the same paul ryan budget that paul ryan has been promoting for years. that frustration may have led him to dismiss patty murray's counter. he said if you read the senate bill you will find that the vatican is not the only place blowing smoke this week. >>> also making headlines with a more cordial attitude, president obama continued his charm offensive in hopes of reaching a deal and ending the sequester that is now in the sec week. we'll have to wait and see if the efforts reveal any sults. it's understandable if you missed this news item. on monday in chicago, as a young father changed the diaper of his 6-month-old baby girl on the seat of a mini van, a gunman opened fire. the young father, jonathan watkins was hit three times as he witnessed a bullet tear through the body of his daughter who later died. watkins was released from the hospital on thursday night, able to go home after being treated for multiple gunshot wounds. able to go home but without his baby girl. instead h
in theory, lowering taxes and repealing the affordable health care act. it's the same paul ryan budget that paul ryan has been promoting for years. that frustration may have led him to dismiss patty murray's counter. he said if you read the senate bill you will find that the vatican is not the only place blowing smoke this week. >>> also making headlines with a more cordial attitude, president obama continued his charm offensive in hopes of reaching a deal and ending the sequester that...
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Mar 16, 2013
03/13
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to lead, whether it is in the areas of health care, taxes or spending, you name it washington, d.c.'s proven it's either incapable or unwilling to make the necessary changes that are required for us to have reform. if there's going to be reform, it's going to happen in the halls of state governments around the country. >> how about any reform needed within the republican party? we heard sarah palin say that she didn't think that the branding of the party needed to be tackled that there were other issues. what do you think? >> i think we need to gout and we got to tell our message, think we got to have a right message and we need the right message and i think what cpac is all about is coming together with conservatives all across the state and making sure we are united. what i have heard throughout the thing, the halls of the gathering is we are and i think we are ready to go in the next election cycle. >> so, here's something interesting, the organize of cpac, al dar dean nas, here is what he said about how republicans can broaden their appeal. "you grow your tent by convincing other
to lead, whether it is in the areas of health care, taxes or spending, you name it washington, d.c.'s proven it's either incapable or unwilling to make the necessary changes that are required for us to have reform. if there's going to be reform, it's going to happen in the halls of state governments around the country. >> how about any reform needed within the republican party? we heard sarah palin say that she didn't think that the branding of the party needed to be tackled that there...
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Mar 16, 2013
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. >> the president of the north caroli carolina naacp called this a poll tax, the historic method of blocking african-americans from voting. he said this this mr. barber down there in north carolina, he stayed in part, "they designed a maze of frustrating visits to the government agencies with costly administrative fees that citizens who have no car and no driver's license must navigate and pay to exercise their constitution a right to vote." what would be your reaction to that? >> well, we disagree with reverend barber. i believe, first off you we have a very extensive absentee balloting vote by mail system, those who have difficulty getting to a location that may be able to provide a valid i.d. may want to use that choice where an i.d. would not be an issue to begin w reverend barber and those who are opposed to this bill are doing it i think largely on ideological bounds or grounds because the data in other state, if you take a look at the state of georgia, where they said hundreds of thousands of i.d.s would have to be issued, there have been 27,000, a state roughly the same size
. >> the president of the north caroli carolina naacp called this a poll tax, the historic method of blocking african-americans from voting. he said this this mr. barber down there in north carolina, he stayed in part, "they designed a maze of frustrating visits to the government agencies with costly administrative fees that citizens who have no car and no driver's license must navigate and pay to exercise their constitution a right to vote." what would be your reaction to that?...